Merchant Cash Advance Blog

Small auto repair shop owners continue to look for ways to compete with larger chain establishments. The need to improve the customer experience and reach niche markets is driving the inclusion of additional service offerings. Here we’ve outlined five services that can help your auto repair shop increase profits.

Veteran’s Day offers a unique opportunity for small business owners to give back to their community. Most would agree that veterans deserve our respect. This Veteran’s Day consider coming up with some creative ways to thank them. Small gestures can go a long way and big ones are also needed. Your efforts should be focused on both your employees and customers. There are thousands of ways you can show our veterans they are appreciated. Here we’ve outlined a few great ways to do so.

Some critics have been very hard on merchant cash advances. Compared to other types of financing including traditional bank loans, however, there are some definite advantages to this type of funding. Merchant cash advances are not loans in the traditional sense. Instead, the provider is purchasing a portion of the business's future sales. The fee, which is usually about 20-25 percent of the amount, seems high. But consider a loan from a traditional bank, which is usually paid back over a period of 5 to 10 years or more, with interest compounded every year. At 8 percent interest per year, that money costs the business owner 30 to 60 percent of the amount they borrowed.

Small Business Saturday has become an essential tool to showcase the importance of small business in our economy and bring exposure to the companies fueling their industries. Black Friday and Cyber Monday have brought millions to larger stores and chains. Small Business Saturday is beginning to realize the same potential, be it on a smaller scale. The potential for revenue, marketing and branding during this event is tremendous if you are properly prepared. Here we’ve outlined 7 Steps to maximize your profits this November 25^th.

Holidays present a great opportunity for small business owners to bring their team together to promote camaraderie and collaboration. Halloween is a fun holiday and there are a variety of ways you can celebrate with your team. Here we’ve outlined ten team building exercises you can try this October 31^st.